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Intergenerational Income Mobility in the United States
The American Economic Review
Vol. 82, No. 3 (Jun., 1992), pp. 393-408
Published by: American Economic Association
Stable URL: http://www.jstor.org/stable/2117312
Page Count: 16
You can always find the topics here!Topics: Net income, Sons, Income estimates, Income mobility, Correlations, Fathers, Statistical estimation, Estimation bias, Sampling bias, Income inequality
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Social scientists and policy analysts have long expressed concern about the extent of intergenerational income mobility in the United States, but remarkably little empirical evidence is available. The few existing estimates of the intergenerational correlation in income have been biased downward by measurement error, unrepresentative samples, or both. New estimates based on intergenerational data from the Panel Study of Income Dynamics imply that the intergenerational correlation in long-run income is at least 0.4, indicating dramatically less mobility than suggested by earlier research.
The American Economic Review © 1992 American Economic Association